Ways to Avoid Sabotage in Selling Your Home

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According to the National Association of Realtors, 44 percent of all new listings take 90 days or more to sell, 22 percent take 6 to 12 months, and 9 percent take more than a year. It’s a seller’s market, so why are so many homes sitting on the market for so long? Jeff Dowler, an agent with Solution Real Estate in Carlsbad, California believes it most likely is because of the home owner.

Asking an unreasonably high price for the home obviously is not going to  attract buyers. Limiting the hours and time on weekends or any day to allow the home to be shown also limits the number of potential buyers. It is best to have the house as available as possible to allow it to be viewed. Agents find it best that the seller is not home when it is being shown.

Other things that may sabotage selling your home and cause it to be kept on the market longer are:

  • Not having the home ready to be viewed at any time. An agent might call wanting to show the house to a potential buyer in an hour. If the house is dirty or messy, that can turn off anyone who might have been interested.
  • Smells in the house can be a turn-off as well. Musty, dirty smells will not give the house a “clean” feeling. Artificial smells from candles and deodorizers might make the interested buyer wonder what the owner is trying to cover up with the scent. If it is a nice day out, opening windows can help naturally freshen the air inside the home.
  • Not keeping the home maintained and fixing things. Most buyers may not be looking for a “fixer-upper” and may notice the little things that need to be replaced. They may see that as more work for them to have to do as well as more money they will need to spend and give the home a run down feel.

All you sellers out there who do not want to sabotage selling your house, be sure to be flexible with allowing it to be shown, keep the home clean and maintained and ask for a reasonable price for the home.

 

Will SCCC Gain Support to Move Into the Old PacMed Center?

According to the Seattle Times, Seattle Central Community College is interested in moving into a portion of the vacant space in the old Historic PacMed Center in Beacon Hill; and they’re running out of time to do so. The college must gain support from the state in a deal to occupy nearly half of the landmark, but since Amazon moved out, the building hasn’t been successful in finding tenants large enough to fill the 205,000 sf space. Seattle Central is interested in moving its health training program into the building, if the Pacific Tower receives $27 million in renovations from the state, but the Senate and House must reach a deal for this to happen, but the legislative session will end on Sunday. pacmed

A budget approved by a state house committee earlier this month would give $20 million for preparing the Pacific Tower for “community college health career training programs, offices for the department of commerce or other appropriate state agencies, and other nonprofit community uses.” However, there is no set measure in place with the Senate. Nothing is set in stone for the building, but we might have a better idea after Sunday’s session. For more information PacMed, visit the landmark’s website.

Bullitt Center Opens Today!

The much anticipated uber-green Bullitt Center Building will open today at 11am with a ceremony; how very green of them to coordinate the opening to happen on Earth Day! There will be guided tours happening this afternoon from noon-5pm, where the public is welcome to come check out the six story 50,000 sf space, which is designed to be one of the world’s greenest commercial buildings. Bullet Centter Exterior1

Governor Jay Inslee, and Mayor Mike McGinn will speak at the ceremony today.  According to the Daily Journal of Commerce, Dennis Hayes, president and CEO of the Bullit Center Foundation, was the coordinator of Seattle’s first Earth Day in 1970. What a wonderful day for Hayes and his colleagues to celebrate!

Advice for Buyers, Sellers, and Owners in Today’s Marketplace

We have established that housing is beginning to get back on track, so what are the best moves to make today? Here are some very useful tips for the buyers, sellers, and owners in today’s real estate market. for-sale-sign

Homeowners are starting to gain confidence in listing their homes due to the rise in traffic of buyers, and the growing popularity of bidding wars, and buyers are finally able to start searching for the perfect home again with low mortgage rates. According to CNN Money, 92 of the Country’s 100 largest metro areas have seen an increase in home prices, with costs rising as high as 23% in some cities, and 69 out of 100 of the areas also saw an increase in sales volume.

If you’re in the market to buy a home, know that you’re going to have to be competitive. Inventory is low, and doing your homework beforehand, and having all of the necessary information ready to present an offer with your agent will put you one step ahead of the game. It’s also best to understand the days of making an offer 20% below the listing price generally will not work. Presenting your best offer first will sit best with sellers, and it also helps to have a few contingencies in place, and move fast as sellers aren’t keen on having to go through the process again and again. Being flexible on closing can also work in your favor, as many sellers are scrambling to find alternative housing at the same time you are.

If you’re looking into selling your home, you’re in luck because it’s finally looking like a seller’s market! In order to get your pricing right, it’s best to list competitively to your market, and keep in mind pricing above recent sales might not get you what you’re hoping for. Many homeowners think their broker’s suggested pricing is too low, but pricing within reason will grab buyers’ attention, and land you more offers. If you’re looking into downgrading, choose an agent that is keen on investment properties. And if you’re not thinking about selling your home soon, you still take advantage of the market by taking the opportunity to refinance. It’s possible in recent years, that you haven’t enough equity to refinance the mortgage at these record low rates, but it might be time to give it another try.  Everyone can benefit in today’s market, and if you have any further real state related questions, contact your local real estate agent today.

Convention Hotel Complex gets Design Review Board Meeting

Next week, R.C Hedreen Co.’s 43 story convention hotel project will receive it’s first design review board meeting at the Seattle City Hall. The site has plans for a 1,550 room hotel, 150 low-income housing units, 150,000 sf of meeting space, 45,000 sf of retail space. Underground parking for 700 stalls is also in the plan. hotel

The site is planned to be  along 8th & 9th avenues, and Howell and Stewart streets, and they preferably have the Hotel side along Howell street, and the convention meeting space and retail in a six story podium. Construction could begin as early as next Spring, with the hotel scheduled to open late 2016 to early 2017. The project had originally planned for two towers, but plans changed last month due to simplifying the permit process. For more information on the complex visit R.C Hedreen, Co.

Competition in Housing Market Leading to Bidding Wars

Competition in the housing market                                housing                                               has been creating bidding wars. Many offers are being countered by rival bids. Homes are selling for well over asking price. Sellers are holding out for better deals which lessens the amount of homes available to buy while buyers are wanting to purchase homes before prices and mortgage rates begin to rise.

Some buyers are having problems purchasing a home due to constantly being out bid buy other buyers. A couple in Florida offered $5,000 over asking price for a home only to lose to a counter offer of $55,000 over asking price. They tried offering $10,000 over a $600,000 asking price and lost to a higher bidder. That house was a short sale had been on the market for only two days. They became frustrated after putting offers on homes and never hearing back only to find that the houses they had bid on were sold to a much higher bidder. They finally were able to work with an agent who was working for both the buyer and seller which would earn her double the commission. She was able to help them make an offer and purchase a home for $30,000 less than the asking price.

The National Association of Realtors reported a 19.2% decline in inventory. It is expected that homes sales will grow with the Spring selling season but availability will remain low. The balance between buyers and sellers has been thrown off balance. Sellers are being more cautious while buyers are on the hunt.

Headliner of Capitol Hill Block Party Announced

The music lineup for the Capitol Hill Block Party has been announced aschbp well as who is to headline it. Many will be excited to hear that the   Flaming Lips have been chosen to headline the event. Though the the Capitol Hill Block Party isn’t until July, three-day festival passes are being sold at a discount price now through this Saturday for only $75. The price will then go up to $95. Those who buy the passes early receive free tickets to see Pickwick and Radiation City tonight at Neumos.

The festival takes place on Capitol Hill July 26th-28th. Street closures are Broadway to 12th and Pine to Union. This is the area that the festival will be held and you will need a ticket to enter. Businesses in the gated area will only be accessable to those with tickets.

There will be pleanty of vendors, independant booths and food trucks available. Many of the businesses around the area offer special deals during the festival. For the full music lineup go to Capitolhillblockparty.com/lineup.

Best and Worst Seattle Neighborhoods Rated for Green Commuting

Downtown, First Hill and Chinatown International District are Seattle’s topbike three neighborhoods for green commuting. At least 75% or more of the residents in each neighborhood use another form of transportation for commuting other than single person vehicles such as taking the bus, carpooling, walking or riding a bike. The three neighborhoods are up there in ratings along with New York City which has the nation’s highest rating for green communiting for large cities. around 47% of all Seattle residents choose a form of green commuting.

Magnolia has the worst rating of all Seattle neighborhoods with only 25% of its residence participating in green commuting which is about the same as the nation’s overall rating. It looks as though the south end of Seattle has lower ratings as does the top of the North end.

Possible No Go for 240 ft Towers Near Lake Union

After an unofficial vote, it seems that building 24-story towers near SouthSkyscraper1 Lake Union may not happen. The majority of the vote agreed that 160 feet or 16-story towers would be more sufficient for the area and not shadow Lake Union park as a taller building would.

It is still being debated whether or not to tweak the incentive-zoning policy which allows developers additional height by paying a certain amount of money that go towards benefiting the public. Vulcan owns the property and pitched the idea of 24-story towers along with              Mayor Mike McGinn. Vulcan is evaluating the options and deciding whether or not to agree to the 16-story towers.

An official vote from the council on whether to rezone Lake Union or not will take place April 22. The deciding vote will determine if 24-story towers will be allowed or not.